Correspondent Clearing Services definition
Correspondent Clearing Services means any services provided pursuant to the Clearing Contracts that involve, with respect to introducing brokers and their customers, (i) securities clearing and execution in the United States, including with respect to non-U.S. securities, (ii) securities transaction settlement services in the United States, including with respect to non-U.S. securities, and (iii) customer account maintenance and related data processing services, but excluding all Excluded Assets, including, but not limited to, Nexa, ▇▇▇▇▇▇ Financial Services Ltd. and any assets held by or directly related to such entities.
Correspondent Clearing Services means any services that involve (i) international securities clearing and execution, (ii) international securities transaction settlement services, and (iii) customer account maintenance and related data processing services.